Morgan Williams has been appointed as property adviser to 26 Toys R Us stores following the retailer’s collapsing into administration this morning.
The servicer of a £236.8m 2013 CMBS loan held against the stores, Situs, has made the appointment on behalf of those that own the debt, predominantly PIMCO and Marathon Asset Management.
The initial loan was made against 31 stores although only 26 remain as operating Toys R Us stores.
The Toys R Us portfolio totals 105 stores.
Click here to read more on the Toys R Us administration.
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